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357 Oxford Rd 1,300 sq ft 100% Let Retail Property Reading RG30 1AY £310,000 (£238.46/sq ft) 6.89% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Close to residential roads
- Amenities nearby
- Good road connections
EXECUTIVE SUMMARY
The property is let on a Full Repairing & Insuring Lease on the whole property (shop and Flat) for a term of 15 years from 4th December 2015 expiring on the 3rd December 2030 at a current rent £21,360 per annum (£1,780 per calendar month). 5 yearly rent reviews - next review date 3rd December 2025. The tenant has shown potential interest in selling their business in the near future, presenting possible opportunities for buyer occupation or other options.
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
1,300 sq ft
Costar Property Class
B
Year Built
1951
Price
£310,000
Price per sq ft
£238.46
Yield
6.89%
NOI
£21,360
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
AMENITIES
- Roller Shutters
- Storage Space
1 1
NEARBY MAJOR RETAILERS
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357 Oxford Rd
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